There are other factors you need to consider, like how you're financing.. if you're using a mortgage, most properties with a killer ROI will NOT appraise.. meaning you're coming out of pocket more than than you budget, and then making repairs (if needed) and furnishing.

So, even though you may be using a hml, you will need to be pre-approved for a conventional loan otherwise you are stuck with one exit strategy, i.e. flipping instead of rentals.Does that help?

You should be using a calculator and running your numbers.

Should I be using a separate lease template for renting an entire house vs. renting a room? 

I was initially set on using a property mgmt service.

I have done 100s and 100s and 100s of deals in my market never using a realtor, well maybe for about 10 of them about 11 years ago.

From what I've heard about using a vacation/secondary loan, there is literature in the loan saying that you are not allowed or should not use this loan if you have plans for ABNB.

Anything further than 70 miles from the coast will have lower rates.Examples using a $150,000 replacement cost value:  Heavy wind/hail areas of Texas (Dallas, Ft.

But if you live out of state I recommend using a service.

If they're using a walker, they need wider doorways and paths.